https://www-skai-gr.translate.goog/news/finance/politico-ipa-kai-ee-diafonoun-gia-tin-symfonia?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

 

n a last-ditch effort to fend off Donald Trump 's threat to raise tariffs on most EU products to 30% on August 1, European Commission President Ursula von der Leyen struck a preliminary deal with the US president on Sunday that would see tariffs of 15% on most EU imports.

“I don’t know exactly what day the horizontal tariff will start. I can’t tell you exactly now when the exemptions from the horizontal tariff that we are working on with our American partners will start to apply,” Olof Gill, spokesman for the EU’s trade executive, told reporters during a briefing on Tuesday.


"All I can tell you is that we avoided the worst case scenario, we ended up at 15% and we will make it work technically with the least possible cost and the least damage to our exporters," Gill added.

Initially, the White House and the European Commission aimed to publish a joint statement by August 1. Whether that will happen, however, is now uncertain, as many details have yet to be settled, Politico notes.

Gill said he could not say "exactly when this joint statement will be ready, but it should be soon."

In addition, the White House and the European Commission have published separate fact sheets on the agreement.

The White House states, for example, that “the European Union will pay the United States a tariff rate of 15%, including on automobiles and auto parts, pharmaceuticals, and semiconductors.”

The EU executive assures that the 15% tariffs on pharmaceuticals and semiconductors will only be imposed when "the US decides whether to impose additional duties on these products in accordance with separate, ongoing US investigations."

Further divergences remain on tariffs and the quota system for steel and aluminium, joint work on health certificates and digital market access.

Gill was quick to defend the EU's regulatory autonomy.

"We are not changing our rules...We are not moving away from our right to autonomously regulate the digital space," he stressed.

Source: skai.gr


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